Fresh Bus Attracts Rs 87.5 Crore In Funding To Boost Green Transportation; BluSmart Awarded Patent For EV Ride-Matching Technology and More...

Fresh Bus has secured a Rs 87.5 crore investment in its Series A funding round, led by Maniv with participation from Shell Ventures, Alteria Capital, and Riverwalk Holdings.

BluSmart a trailblazing electric mobility ride-hailing service and EV charging network has received a patent from the US Patent and Trademark Office (USPTO).This innovative system utilizes a full-stack approach to ride-matching at scale, efficiently guiding driver partners from initiating the ride to picking up the customer and navigating to the nearest EV charging station when necessary. It creates a connected ecosystem of EVs and chargers.

Euler Motors , a prominent player in the electric commercial vehicle sector, has launched its new manufacturing and R&D facility in Palwal, Haryana. The state-of-the-art plant, spanning 500,000 square feet, is designed to meet the growing demand for Euler Motors’ 3W HiLoad EV, with a production capacity of 36,000 vehicles annually. The project represents an investment of Rs 100 crore and will serve as the company’s national manufacturing hub.

Kinetic Green, a prominent Indian manufacturer of electric vehicles (EVs), has announced securing a $25 million investment from Greater Pacific Capital (GPC), a leading global private equity firm. This investment is part of Kinetic Green’s targeted Series A fundraise of up to $40 million.